(617) 409-5395

 

News & Events

EASTERN BANK CLOSES $2.2MM LOAN TO PROVIDE SUPPORTIVE HOUSING IN QUINCY

by | Dec 3, 2021 | Affordable Housing, Community Development, News, News & Events, Non-Profit Organizations, Projects

Congratulations to Eastern Bank in closing a $2.2MM loan for the benefit of Neighborhood Housing Services of the South Shore, Inc.  The proceeds of the loan will finance the construction of Lower Winter Street Apartments at 54 Winter Street (aka 54-64 Winter Street), Quincy, Massachusetts. Lower Winter Street Apartments will provide 18 supportive housing units for individuals who are either homeless or at extreme risk of homelessness in the City of Quincy. 

MARION VILLAGE ESTATES REFINANCES FHA-INSURED AFFORDABLE HOUSING

Congratulations to Marion Village Estates LLC in closing a $3,832,200.00 loan from ORIX Real Estate Capital, LLC in order to refinance the property at Front Street in Marion, Massachusetts. Marion Village Estates provides 60 units of affordable rental housing to the...

GROUNDBREAKING CEREMONY FOR DRACUT CENTRE SCHOOL

Congratulations to Coalition for a Better Acre, Inc. on the ceremonial groundbreaking for Dracut Centre School, a new 9-unit affordable residential building in the historic school building at 11 Spring Park Avenue, Dracut, Massachusetts. On April 15, 2021, Coalition...

EASTERN BANK CLOSES TAX EXEMPT MULTIFAMILY HOUSING BOND FINANCING

Congratulations to Eastern Bank in closing a $10.5MM loan for the benefit of Cabot Housing LLC, an affiliate of the Young Men’s Christian Association of the North Shore, Inc. Eastern Bank purchased tax exempt bonds from Massachusetts Development Finance Agency and...